SOLAM
ActiveSummary
SOLAM has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.9m and a net result of €182,485. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 41% of 732 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+1
Solvency54▲+4
Growth68=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.06 in 2024; short-term debt: 44.9% and cash: 9.5% of total assets), and 71.4% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.6%
Return on assets
2.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-09-2026, 40 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
40 d late
2024
42 d late
2023
31 d late
2022
26 d late
2021
26 d late
2020
54 d late
2019
34 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 36 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 company by total assets in Schaarbeek, Transport and storage sector#4 company by equity in Schaarbeek, Transport and storage sector
Turnover
€4.8m▲ 62.8%
2018 · €3.0m
EBIT margin
18.7%▲ 4.3pp
2018 · 14.4%
Net result
€182,485▲ 53.1%
2024 · €119,218
Working capital
€415,398▲ 146%
2024 · €169,116
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€215,845▼ 68.2%€194,912▼ 9.7%€74,145▼ 62.0%€248,231▲ 235%€293,293▲ 18.2%
Net result€161,127within the sector's middle half▼ 68.0%€123,021within the sector's middle half▼ 23.6%-€20,968below the sector's middle half€119,218within the sector's middle half€182,485within the sector's middle half▲ 53.1%
EBIT margin
Equity€1.8mwithin the sector's middle half▲ 10.0%€1.9mwithin the sector's middle half▲ 6.8%€1.9mwithin the sector's middle half▼ 1.1%€1.8mwithin the sector's middle half▼ 7.2%€1.9mabove the sector's middle half▲ 10.3%
Total assets€5.9mwithin the sector's middle half▲ 12.9%€7.5mwithin the sector's middle half▲ 25.6%€7.1mwithin the sector's middle half▼ 4.5%€6.9mwithin the sector's middle half▼ 2.8%€6.8mabove the sector's middle half▼ 1.8%
Debt€4.1m▲ 14.2%€5.5m▲ 33.8%€5.2m▼ 5.6%€5.2m▼ 1.2%€4.9m▼ 6.0%
Working capital€765,842within the sector's middle half▼ 11.6%€406,841within the sector's middle half▼ 46.9%€224,373within the sector's middle half▼ 44.8%€169,116within the sector's middle half▼ 24.6%€415,398within the sector's middle half▲ 146%
Solvency30.3%within the sector's middle half▼ 0.8pp25.8%within the sector's middle half▼ 4.5pp26.7%within the sector's middle half▲ 0.9pp25.5%within the sector's middle half▼ 1.2pp28.6%within the sector's middle half▲ 3.2pp
Current ratio1.48within the sector's middle half▼ 0.061.16within the sector's middle half▼ 0.321.09within the sector's middle half▼ 0.071.06within the sector's middle half▼ 0.031.14within the sector's middle half▲ 0.08
Return on assets (ROA)2.7%within the sector's middle half▼ 6.9pp1.6%within the sector's middle half▼ 1.1pp-0.3%below the sector's middle half▼ 1.9pp1.7%within the sector's middle half▲ 2.0pp2.7%within the sector's middle half▲ 1.0pp
Staff (FTE)2.5below the sector's middle half▼ 89.7%1below the sector's middle half▼ 60.0%
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 18% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.8m
Fixed assets
€3.3m ▼ 9.8%
Current assets
€3.5m ▲ 7.4%
Equity and liabilities €6.8m
Equity
€1.9m ▲ 10.3%
Debt
€4.9m ▼ 6.0%
Debt's share of the balance-sheet total falls from 74.5% to 71.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.7m▼
2024 · €1.8m
Cash flow
€1.6m▼
2024 · €1.7m
Debt to equity
2.49▼
2024 · 2.92
ROE
9.4%▲
2024 · 6.8%
Interest coverage
17.44▲
2024 · 15.81
Debt ≤ 1 year
€3.1m▼
2024 · €3.1m
Debt > 1 year
€1.8m▼
2024 · €2.1m
Income taxes
€15,000=
2024 · €15,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 734 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.8%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 734 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €8,194 | - | €74,917 | €56,794 | ▼ 24.2% |
| Remuneration, social security and pensions62 | €121,279 | €33,667 | €892 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €892,599 | €1.2m | €1.5m | €1.6m | €1.4m | ▼ 9.7% |
| Other operating charges640/8 | €46,205 | €36,093 | €96,962 | €42,658 | €28,585 | ▼ 33.0% |
| Non-recurring operating charges66A | - | - | - | - | €11,046 | - |
| Gross operating margin9900 | €1.3m | €1.5m | €1.7m | €1.8m | €1.7m | ▼ 5.9% |
| Operating profit (loss)9901 | €215,845 | €194,912 | €74,145 | €248,231 | €293,293 | ▲ 18.2% |
| Financial income75/76B | €7,764 | €3 | €55 | €39 | €1,538 | ▲ 3,802% |
| Recurring financial income75 | €7,764 | €3 | €55 | €39 | €1,538 | ▲ 3,802% |
| Financial charges65/66B | €65,247 | €71,473 | €95,169 | €114,053 | €97,346 | ▼ 14.6% |
| Recurring financial charges65 | €65,247 | €71,473 | €95,169 | €114,053 | €97,346 | ▼ 14.6% |
| Profit (loss) for the period before taxes9903 | €158,362 | €123,441 | -€20,968 | €134,218 | €197,485 | ▲ 47.1% |
| Income taxes67/77 | -€2,765 | €420 | - | €15,000 | €15,000 | = |
| Profit (loss) for the period9904 | €161,127 | €123,021 | -€20,968 | €119,218 | €182,485 | ▲ 53.1% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €16,055 | - |
| Transfer to tax-exempt reserves689 | - | - | €63,150 | - | €63,150 | - |
| Profit (loss) for the period to be appropriated9905 | €161,127 | €123,021 | -€84,118 | €119,218 | €135,390 | ▲ 13.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.9m | €7.5m | €7.1m | €6.9m | €6.8m | ▼ 1.8% |
| Fixed assets21/28 | €3.6m | €4.5m | €4.3m | €3.7m | €3.3m | ▼ 9.8% |
| Tangible fixed assets22/27 | €3.5m | €4.4m | €4.3m | €3.2m | €2.9m | ▼ 11.0% |
| Plant, machinery and equipment23 | €58,564 | €107,912 | €86,811 | €63,768 | €134,049 | ▲ 110% |
| Furniture and vehicles24 | €128,882 | €1.1m | €885,821 | €685,853 | €558,686 | ▼ 18.5% |
| Leasing and similar rights25 | €3.4m | €3.2m | €3.3m | €2.5m | €2.2m | ▼ 12.0% |
| Financial fixed assets28 | €38,599 | €50,994 | €38,095 | €485,345 | €475,542 | ▼ 2.0% |
| Current assets29/58 | €2.4m | €3.0m | €2.8m | €3.2m | €3.5m | ▲ 7.4% |
| Amounts receivable within one year40/41 | €1.4m | €2.4m | €1.8m | €2.7m | €2.8m | ▲ 5.1% |
| Trade receivables40 | €1.2m | €2.2m | €1.7m | €1.8m | €1.6m | ▼ 10.1% |
| Other amounts receivable41 | €180,611 | €188,329 | €161,474 | €843,757 | €1.2m | ▲ 38.1% |
| Cash at bank and in hand54/58 | €949,855 | €624,400 | €884,850 | €512,831 | €647,136 | ▲ 26.2% |
| Deferred charges and accrued income490/1 | €3,773 | - | €83,833 | €36,476 | €5,385 | ▼ 85.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.9m | €7.5m | €7.1m | €6.9m | €6.8m | ▼ 1.8% |
| Equity10/15 | €1.8m | €1.9m | €1.9m | €1.8m | €1.9m | ▲ 10.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1.4m | €1.4m | €1.5m | €1.2m | €1.2m | ▲ 3.9% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | €18,750 | €18,750 | €81,900 | €81,900 | €128,995 | ▲ 57.5% |
| Distributable reserves133 | €1.4m | €1.4m | €1.4m | €1.1m | €1.1m | = |
| Profit (loss) carried forward14 | €390,495 | €513,517 | €429,398 | €548,616 | €684,006 | ▲ 24.7% |
| Amounts payable17/49 | €4.1m | €5.5m | €5.2m | €5.2m | €4.9m | ▼ 6.0% |
| Amounts payable after more than one year17 | €2.5m | €2.9m | €2.7m | €2.1m | €1.8m | ▼ 14.2% |
| Financial debts170/4 | €2.5m | €2.9m | €2.7m | €2.1m | €1.8m | ▼ 14.2% |
| Amounts payable within one year42/48 | €1.6m | €2.6m | €2.6m | €3.1m | €3.1m | ▼ 0.2% |
| Current portion of amounts payable after more than one year42 | €858,969 | €1.3m | €1.4m | €1.3m | €1.1m | ▼ 15.0% |
| Trade debts44 | €716,300 | €1.3m | €1.1m | €1.4m | €1.9m | ▲ 32.9% |
| Suppliers440/4 | €716,300 | €1.3m | €1.1m | €1.4m | €1.9m | ▲ 32.9% |
| Taxes, remuneration and social security45 | €21,141 | €1,490 | €33,308 | €76,244 | €8,888 | ▼ 88.3% |
| Taxes450/3 | €11,371 | - | €33,308 | €76,244 | €8,888 | ▼ 88.3% |
| Remuneration and social security454/9 | €9,770 | €1,490 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €293,500 | €75,669 | ▼ 74.2% |
| Accrued charges and deferred income492/3 | - | €2,865 | €1,581 | €1,077 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €161,127 | €123,021 | -€20,968 | €119,218 | €182,485 | ▲ 53.1% |
| + Depreciation and write-downs630 | €892,599 | €1.2m | €1.5m | €1.6m | €1.4m | ▼ 9.7% |
| Operating cash flow (approximation) | €1.1m | €1.4m | €1.5m | €1.7m | €1.6m | ▼ 5.2% |
| Investment in fixed assets (approximation) | - | -€2.1m | -€1.4m | -€911,160 | -€1.0m | ▼ 14.2% |
| Change in cash | - | -€325,455 | €260,450 | -€372,019 | €134,305 | ▲ 136% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 40 days late
2025
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 42 days late
2024
31-12
Financial
Back to profitnet €119,218
Net result €119,218 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet -€20,968
Net result drops to -€20,968, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 26 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
2021
23-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 54 days late
2020
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 34 days late
2019
31-12
Financial
Highest result since 2018net €613,856 ▲139%
Operating result €905,632, net result €613,856, both a record.
31-12
Financial
Equity above €1mEq €1.1m ▲118%
2 profitable years in a row build equity to €1.1m.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 22 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schaarbeek · 2 establishment units since 2007
Ground area
3.5 ha
Building footprint
1.0 ha
Volume, LiDAR
95,470 m³
2 parcels, Brussels, Flanders · tallest building 15.8 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
2 establishment units
-
since 20072.165.824.116
SOLAM
since 20192.294.965.659
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12422D0096/00F000 | Flanders | 3.5 ha | 1 · 1.0 ha | 13.6 m · 3 fl. |
| 21910E0116/00M009 | Brussels | 143 m² | 1 · 97 m² | 15.8 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
100%
According to the 2025 annual accounts of SOLAM and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 6,000 EUR awarded · 6,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 6,000 EUR | 6,000 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Katelijne-Waver2.294.965.659
Parcel delivery
Notified to the BIPT
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Of 3,187 companies in sector 52250 we hold annual accounts for 1,963. 1,035 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-07-2004
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0866325608
Registered
18-07-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.